- CEO
- Nhan Thanh Truong
- Full Time Employees
- 61
- Sector
- Industrial services
- Industry
- Engineering & construction
- Address
- Long An Vietnam
- IPO Date
- Aug 31, 2009
- Business
- Van Phat Hung Corporation is a Vietnam-based real estate development and investment company primarily engaged in residential, commercial, and infrastructure development projects. Founded in 1999 and headquartered in Ho Chi Minh City, Vietnam, the company operates across several integrated business segments, including property development, civil and industrial construction, real estate brokerage, and property management. The company's core product and service portfolio comprises: the development and sale of high-rise condominium complexes, townhouses, and luxury villas; the development of integrated urban residential townships, including master-planned communities featuring public parks, recreational facilities, and commercial amenities; the construction and leasing of commercial office buildings, retail podiums, and shophouses; civil engineering, site clearance, ground leveling, and foundational infrastructure contracting services; the development and allocation of land plots for educational and institutional campuses; and comprehensive property management, leasing brokerage, and architectural consulting services. The company's signature residential and mixed-use developments are concentrated primarily in the southern districts of Ho Chi Minh City, particularly District 7 and Nha Be District, with notable projects including the La Casa complex, Phu My Residential Area, Tulip Tower, Phu Thuan complex, and the Nhon Duc Residential and University Area. In recent operational developments, Van Phat Hung Corporation has actively restructured its asset portfolio and capital allocation strategy through the strategic transfer of project equity stakes, including the divestment of shares in project subsidiaries associated with the Nhon Duc master development in collaboration with institutional partners such as Lotte Land, aimed at monetizing legacy land reserves, optimizing cash flow, and de-leveraging balance sheet debt obligations. In addition, the corporation has accelerated legal clearance and administrative approvals for its pipeline urban expansion projects in southern Ho Chi Minh City, while reorganizing its operational management structure and tightening project execution frameworks to enhance development margins and liquidity across its core residential housing operations.